Federal Reserve Governor Cook stated that the longer inflation remains above the target, the more difficult it will be to control. He reaffirmed that interest rate hikes will be supported if necessary.

The Zhituo Finance APP learned that Fed Governor Cook reiterated on Wednesday that she is prepared to support further interest rate hikes if inflation does not continue to ease in the future, and warned that as inflation remains above the 2% target for an extended period, the Federal Reserve may not have much time left to wait; otherwise, it will become increasingly difficult to control inflation in the future.